Economic globalization is the integration between economies around the world that is due to the increase in international trade, flow of international capital, and the growth of technology. It reflects the trend of economic development by the rapid growth of technology and information. Scientific and technological advancements have cut the price of transportation and communication, making economic globalization achievable.

In order to participate in economic globalization, many countries have dissolved or lessened their tariffs and non-tariff barriers. Multinational corporations (MNCs) have expanded economic globalization. Multinational corporations have globally organized production and allocated resources according to the principle of profit maximization¹.

Economic globalization is seen as the process of global industrial restructuring and readjustment¹. Technological development has increased income level, resulting in the upgrading and readjustment of industrial structures in other companies. The United States and other western countries possess most of the control of international economic and financial organizations, allowing these countries to dominate the development of globalization¹.

When developing countries are included in the globalization process, they are better able to utilize their comparative advantages and foreign capital¹. Globalization also increases market competition and hinders monopolistic behaviours.

Globalization still comes with disadvantages to markets, evident by the fact that the gap between the North and South has expanded¹. Globalization has also had negative impacts within the United States. “Offsore Outsourcing”, the movement of production process outside the firm and overseas, has caused major job loss in the United States². With the constant development of technology and communication overseas, globalization is a significant topic in economics.

Show the effect of Dollar appreciation and depreciation with YEN on the price of U.S Exports and Imports by validating the following table.
Table 15.2 (Updated)
Effects of Dollar Appreciation and Depreciation on U.S Exports and Imports
R=Euro/$ Domestic Price Jan09: June 09:

Regarding the controversy over the value of the Chinese yuan in foreign currency markets, can someone help me understand whether or not China is still using central bank foreign exchange policy to maintain the value of the yuan? In addition, I'm trying to grasp a solid understanding of what the current policy of the United State

How important was the leadership of Walter Reuther? What did he do that increased the economy and what did he do that declined it?
What are the economic implications of the UAW from its beginnings to now?
What are suggestions on how to fix the decline?

1. (Requires calculus) In the model of a dominant firm, assume that the fringe supply curve is given by Q = -1 + 0.2P, where P is market price and Q is output. Demand is given by Q = 11 - P.
What will price and output be if there is no dominant firm? Now assume that there is a dominant firm, whose marginal cost is constant at

"Time" magazine, Canadian edition, has recently published an article on the Danish economy titled "Why Denmark Loves Globalization", November 15th, 2007.
(a) Discuss the features of the Danish economy (such as population, GDP/capita, main exports/imports, social services provided, size of government, etc.) and why the Danes o

Give two examples of social forces and explain how they keep economic forces from becoming market forces. Give two examples of political or legal forces and explain how they might interact with the invisible hand. 100 words only.

Chapter 2 # 4
Lawns produce no crops but occupy more land (25 million acres) in the U.S. than any single crop, such as corn. This means that the United States is operating inefficiently and hence is at a point inside the production possibility curve. Right?
If not, what does it mean?
Chapter 2 # 5
Groucho Marx is repor

Explore the Dasani bottle water company in terms of currency denomination, discuss how the firm prices its revenues and costs. For MNE's with multiple foreign operations, consider any one of those operations and the contribution it is making to the parent firm's profits. Using this information, what do you think would be the eff

The statement 'you get what you pay for' reflects the common perception that high prices indicate high product quality, and, low prices indicate low quality. Irrespective of market structure considerations, is this statement correct?

Please help with the following problem. Please provide at least 400 words.
What is the role of social diversity and business ethics as it relates to globalization? (Consider how different cultures around the world perform such business activities.) How well do you think firms have implemented such ethical standards?

This book is aimed at students of introductory Microeconomics courses. By following the detailed solutions to the sample problems, you will learn how to solve the most common math-based questions on Microeconomics assignments and tests. Focusing on t... READ MORE » ... READ MORE »